Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Philip Morris International Inc. $PM

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Philip Morris International Inc. by 18.2%, owning 326,748 shares valued at approximately $59.5 million after acquiring an additional 50,228 shares in Q2.
• Several other institutional investors have also boosted their holdings in Philip Morris, leading to 78.63% of the company's stock being held by institutional investors.
• Philip Morris reported Q2 earnings of $1.91 per share, surpassing estimates, but with revenues of $10.14 billion falling short of the expected $10.33 billion.

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 18.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326,748 shares of the company's stock after purchasing an additional 50,228 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Philip Morris International were worth $59,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after buying an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International during the 1st quarter worth about $34,000. Pacifica Partners Inc. boosted its stake in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares during the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International during the 1st quarter worth about $35,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.7%

Shares of PM stock traded up $1.08 during trading on Friday, reaching $162.84. 10,479,787 shares of the company's stock traded hands, compared to its average volume of 5,246,326. The company has a market capitalization of $253.48 billion, a P/E ratio of 30.96, a PEG ratio of 2.36 and a beta of 0.49. The firm's 50-day moving average is $167.26 and its 200 day moving average is $168.01. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the firm earned $1.59 EPS. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's payout ratio is 102.66%.

Analyst Upgrades and Downgrades

PM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating for the company. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $184.91.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.